1. General Disclaimer
All information provided on OpenBiz.co.nz (the “Platform”) is for general reference purposes only. While we endeavour to ensure the information on the Platform is accurate and up to date, we make no express or implied warranties regarding the completeness, accuracy, reliability, suitability, or availability of the information.
Any reliance you place on information on this Platform is strictly at your own risk. Under no circumstances shall we be liable for any loss or damage arising from the use of this Platform.
2. Not Professional Advice
Content on this Platform does not constitute the following professional advice:
- Financial advice: Valuation reports, financial data, and analyses provided on the Platform are for reference only and should not be regarded as professional financial advice. Please consult a licensed accountant or financial adviser before conducting a business transaction.
- Legal advice: Information on the Platform does not constitute legal advice. For matters involving contracts, due diligence, or legal compliance, please consult a licensed lawyer.
- Tax advice: The Platform does not provide tax advice. For GST, income tax, or other tax-related matters, please consult a registered tax agent or the Inland Revenue Department (IRD).
- Investment advice: Information on the Platform does not constitute investment advice. Investment decisions should be based on your own research and the advice of professional advisers.
3. AI Valuation Disclaimer
The AI-powered business valuation tool on this Platform is subject to the following limitations:
- Valuation results are based on user-supplied data and industry-standard SDE (Seller's Discretionary Earnings) multipliers.
- Valuation results are not a substitute for a professional independent appraisal.
- Actual market value may differ significantly from valuation results due to factors including but not limited to: market conditions, geographic location, competitive landscape, and asset condition.
- AI models may contain biases or limitations.
- OpenBiz accepts no liability for decisions made based on AI valuations.
4. User Data Disclaimer
- Valuation and appraisal results depend entirely on the data you enter or upload; inaccurate data will produce misleading results.
- Uploaded financial documents are used only for that extraction and are not stored permanently.
- OpenBiz does not verify the truthfulness of user-supplied data.
5. Availability Disclaimer
We make every effort to ensure the Platform's continued availability, but do not guarantee that:
- The Platform will always be available, uninterrupted, or error-free.
- Defects on the Platform will be corrected promptly.
- The Platform or its servers are free from viruses or other harmful components.
6. External Links Disclaimer
This Platform may contain links to third-party websites and resources. These links are provided solely for user convenience. OpenBiz is not responsible for the content, privacy practices, or availability of any external websites.
7. Governing Law
This Disclaimer is governed by the laws of New Zealand. Notwithstanding the above disclaimers, nothing in this statement excludes or limits rights or liabilities that cannot be excluded or limited under New Zealand law, including but not limited to rights under the Consumer Guarantees Act 1993.
8. Contact Us
For questions about this Disclaimer, please contact us:
- Email: info@openbiz.co.nz
- Location: Auckland, New Zealand
